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[pugugly] 03/9/2014 15:48

UK investor:> Thanks.

A significant shareholding as at 18th June 2014

Gresham House plc 2,062,500
Hargreave Hale Limited 1,992,837

I wonder how low a price they woud accept ? With HH also apparenently said to be selling down this could be soggy for some time UNLESS a significnt turnaround in trading .. (imo)

I think I will lower my alert and go back to watching .

[dangersimpson2] 02/9/2014 15:34

Which is a strong argument for always reading the accounts yourself not trusting 3rd party info. It doesn't take long and should materially improve your decision making.

[envirovision] 02/9/2014 15:13

ADVFN are showing Gross Gearing (excl. Intangibles)at 79.83%.

[ukinvestor220] 02/9/2014 15:07

the placing comment refers to Gresham House, who have a holding in SAL - "the only material quoted investment in the Group's portfolio" - and who are considering the future of the group including raising cash, the pricing of which would be affected by the said holding in SAL.

Details can be found on the internet.

[pugugly] 02/9/2014 09:09

topvest:- Have I missed something -? First I heard about a propsoed placing.

Could you please amplify or give details as to where to find the details ?

Thanks in advance.

[chrisha100] 01/9/2014 17:59

The Annual Report at Dec 2013 shows a healthy net assets position. Be nice to have an update from the company however, as the share price decline is a bit worrying.

[envirovision] 01/9/2014 17:28

Sernb have you not looked at financials, have you looked at anything or am I on the wrong board then?

[graham1ty] 01/9/2014 14:52

The ability to wipe out half their profit in the first three months meant that I never trusted their revised forecasts ( or actually their ability to forecast at all). April was portrayed a perfect storm, all things going wrong at once. At the AGM shareholders urged them to keep the Market updated regularly and there was along conversation with Nancy and Gregor pointing out that, if they did not give a midway trading statement, the Market would be left blind for six long months. They appeared to agree but have subsequently ignored shareholders. So none of us have a clue. IMHO all the risk is on the downside and I dread the upcoming figures......

[bigdazzler] 01/9/2014 14:01

Very close to that 50p support zone so would expect some buys to come through on anticipation of a bounce, short term.

However on viewing of my long term chart the drop from the 150's to the 58p which then bounced to 82pence soon after looks like a deadcat bounce. The deadcat bounce was curtailed by the 50day moving average and it has fallen in price ever since and most importantly brokedown past the 58p to make new lows.

Clearly all of the above is very bearish and I'm now in favour of a return to all time lows of 38-40p which is another large drop of over 20%.

I use a long term 12 RSI monthly to determine bottoms and this is still not at an oversold point so I am happy this has still got further to go to the downside.

[seernb] 01/9/2014 13:20

What debt, envirovision? Sure you have the right thread?

[envirovision] 01/9/2014 13:18

mostly intangibles and goodwill, debt in spades. Can't afford to go bust as seniors will get shafted, that's not going to happen imo.

Shareholders putting up a brave fight here but the fate of loosing ownership as creditors take the steps to secure themselves correctly over time seems inevitable. Everything is always interlinked.

[bigdazzler] 26/8/2014 13:31

I can see this falling back to resistance at 50pence now. Nothing jumps out on the chart and says buy me at this stage.

I'm sure there will be a change of direction towards the long side at some stage so watching and waiting time for me.

[it_trader] 25/8/2014 15:51

Let's just hope they're rebalancing. Can't see them reducing their whole holding to zero at this level and dividend yield.

[ianjan] 25/8/2014 13:17

thanks cerrito,maybe they will hang on until september and see how the land lines, but an overhang of 2 million shares when there are only 19million in issue will not help the share price one bit. Only hope is a change in operating performance, for the better that is !

[cerrito] 25/8/2014 13:04

H Hale still have some way to go as the last RNS we have had is as of Jun 9 when they still had 2.1m shares ie 10.81% compared to the 2.9m shares they had when they started as per the 23.4.14 RNS.

[ianjan] 25/8/2014 11:02

paul, have taken my eye off these for a while, but the price is now looking like a good buying point, do you know if hale hargreaves have sold out totally now as i remember last time i looked months ago they were still selling down their holding. Thanks and good luck with the intrims

[sundance 13] 22/8/2014 16:21

Picked up a few today, interesting valuation and dividend yield, which looks well covered. Hopefully offers some significant upside if things pick up over the next 12-18 months, with the nice yield in the meantime.

[paulypilot] 21/8/2014 22:14

Hi Pugugly,

We are in an information blackout - so none of us know how the company is trading until the next set of figures, which are imminent.

I'm drawing some comfort from the fact that the company want to see investors - I've got a meeting booked in with them on 16 Sept to discuss the imminent interims.

The market cap is now very low, at just £11m, so I'm very tempted to buy more - but already have a lot, and need to know what current trading & the outlook are like before committing to buying more. Everyone is probably thinking the same thing. So continued price weakness is likely, in my view, in the short term.

Long term, I see this as a nice entrepreneurial business, with motivated management, that should do well. So we'll just have to wait & see.

I think it's going to take some time to rebuild investor trust, as the company hugely screwed up in Mar-April, but I'm sure they are more aware than anyone about that.

Let's see what happens.

Regards, Paul.

[pugugly] 21/8/2014 19:29

Interesting volume today - Could be forming a bottom. Appears to be a 100K buy at 57p - Not chicken feed!!

If next rns is positive the stock overhang will melt away but if not satisfac tory then potential landslide.

A binary bet (imo) at this stage

Any other thoughts ?

[compound_dave] 12/8/2014 14:01

P/E ratio of 6 and a dividend yield of 6%.

[alex1621] 01/8/2014 20:10

Yes, very quiet! Had a look at this one, looks close to fair value based on the managements revised forecasts (profit warning). Big seller not helping matters. I'll wait for next trading update. :-)

[bsharman3] 31/7/2014 10:30

Hi,
It's very quiet here.. (i'm not sure if that is a good or a bad thing!)

[paulypilot] 17/6/2014 13:08

Indeed, I jinxed it!

I think we'll just have to accept that the price is likely to remain soft until HH stop selling. However, it also depends on what the next trading update is like. If it's more bad news, then there could be another leg down. If it's stable, or better than stable, then the market should begin pricing in recovery.

You either trust mgt to get on with the job, or you don't.

My view is that the company has an excellent track record over five years, which was blighted by the recent profit warning, but this happens sometimes with smaller companies - which are more vulnerable to being knocked off course by the loss of individual customers, or contracts.

Mgt here have a great track record for building this company from scratch, in a niche of their own making, growing profits & paying excellent dividends. I don't think their previous success should be ignored because of one profit warning.

DYOR as usual. I hold.

Regards, Paul.

[envirovision] 17/6/2014 09:11

bull trap ?